News Column

GBP/USD Channel Confluence is Just above 2009 High at 1.7042

May 6, 2014

Jamie Saettele, CMT

Daily

GBP/USD Channel Confluence is Just above 2009 High at 1.7042



Automate trades with Mirror Trader and see ideas on other USD crosses



-"The next possible resistance is 1.6985 then the 2009 high at 1.7042." A channel confluence is not far above 1.7042. Look into this area over the balance of the week with the understanding that the market could respond up there.



LEVELS: 1.6760 1.6800 1.6850 | 1.7017 1.7042 1.7100

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DailyFx


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters